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EURZAR SHORT ON THE HOURLY CHART

Short
OANDA:EURZAR   EUR/ZAR
ON THE 60 MINUTE CHART THE PAIR HAS FORMED A DESCENDING CHANNEL THAT ALLOWS US TO ENTER FOR A QUICK SHORT BEFORE THE PAIR HEADS BACK TO THE TOP AS IT IS ALREADY IN AN UPTREND ON THE 60 MINUTE . IT HAS TOUCHED THE RESISTANCE OF THE TREND LINE AND ALSO WE HAVE EXTRA CONFIRMATION FROM THE CANDLESTICK PATTERN FORMED AT THE RESISTANCE WHICH IS TWEEZER TOPS . ONCE THE SHORT IS FINISHED A BREAKOUT WILL BE EMINENT AND WILL HAVE A CHANCE TO GO LONG ON THE PULLBACK
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